509 Riverside Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Lambton Baby Point. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,498,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 2000-2500 sqft on a premium 45.58 x 104.58 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Bar Fridge
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Located in the Old Mill and Lambton Baby Point neighourhood, this solid brick, 2.5 storey home has been cherished by only two families since it was built in 1932. Nestled on a 45 x 104.58 ft lot, the home boasts large principle rooms on the main floor. Living Room is spacious with one of two fireplaces and stained glass windows. The Kitchen and Breakfast area feature an oversized island with a Prep sink, gas burner cooktop and retractable downdraft ventilation system. Both Kitchen and Dining Room have direct access to the private, serene rear yard and garden. Dining room boasts stained glass and gumwood wainscotting. The front and rear yards are landscaped with uplighting as well as irrigation systems and two gas hook ups for the BBQ. Enjoy the yard, enjoy the deck, listen to the birds chirping. Upstairs are three bedrooms and the third floor features the much used Family room with fireplace and space for family fun, working or entertaining. Family room could be converted into primary bedroom or office if so desired. Basement is finished and offers room for childrens play, laundry and storage. Close to Etienne Brule Park, Humber River, scenic walking trails and the historic Old Mill. Bloor West Village trendy shopping, cafes and restaurants are close by. Short 6 minute walk to the subway.
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Features
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Interior Features
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 509 Riverside Drive, Toronto W02, ON M6S 4B7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $2,498,000 in Toronto, the legal minimum down payment is $499,600 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $48,925 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $48,925 also applies, bringing the total estimated land transfer taxes to $97,850.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
